Invesco Water Resources ETF $PHO Holdings Trimmed by Mesirow Financial Investment Management Inc.

Mesirow Financial Investment Management Inc. trimmed its stake in Invesco Water Resources ETF (NASDAQ:PHO) by 85.4% during the third quarter, HoldingsChannel.com reports. The fund owned 7,949 shares of the company’s stock after selling 46,625 shares during the quarter. Mesirow Financial Investment Management Inc.’s holdings in Invesco Water Resources ETF were worth $539,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Eastern Bank bought a new position in shares of Invesco Water Resources ETF during the third quarter valued at $27,000. Next Level Wealth Planning LLC acquired a new stake in shares of Invesco Water Resources ETF in the 3rd quarter valued at $39,000. NBH Bank bought a new stake in shares of Invesco Water Resources ETF in the 2nd quarter worth about $47,000. Edgemoor Investment Advisors Inc. bought a new stake in shares of Invesco Water Resources ETF in the 3rd quarter worth about $56,000. Finally, John Boyer Inc. bought a new stake in shares of Invesco Water Resources ETF in the 3rd quarter worth about $63,000.

Invesco Water Resources ETF Stock Down 1.2%

Shares of Invesco Water Resources ETF stock opened at $76.19 on Friday. The stock has a market capitalization of $2.12 billion, a P/E ratio of 27.98 and a beta of 0.93. The company has a 50-day simple moving average of $70.80 and a 200 day simple moving average of $69.69. Invesco Water Resources ETF has a 12-month low of $63.54 and a 12-month high of $77.93.

Invesco Water Resources ETF Profile

PowerShares Water Resources Portfolio (the Fund) seeks investment results that generally correspond to the price yield of the NASDAQ OMX US Water Index (the Underlying Index). The Fund generally will invest at least 90% of its total assets in common stocks that comprise the Underlying Index. The Underlying Index seeks to track the performance of the United States exchange-listed companies that create products designed to conserve and purify water for homes, businesses and industries. The Fund invests in the sector such, such as industrials, utilities, healthcare, information technology and materials.